During a series of raids targeting a Mumbai-based shipping logistics company for violations of the Foreign Exchange Management Act (FEMA), the Enforcement Directorate (ED) uncovered a significant sum of unaccounted cash. A total of Rs 2.54 crore ($340k) was seized, with a portion of this amount ingeniously concealed within a washing machine. This discovery has highlighted the inventive methods employed by entities to hide illicit funds. The operation is part of a broader crackdown on financial crimes and money laundering within the country.
When You Take The Phrase ‘Money Laundering' Too Far… A sweeping crackdown by India’s Enforcement Directorate uncovered a sprawling network of companies committing financial crimes, and found cash in the most unlikely of places - a washing machine. $340k was discovered… https://t.co/759OuM2OUh
ED raids premises of Mumbai-based shipping companies for FEMA violation, finds cash hidden in washing machine https://t.co/MUV3cy8uRy
Enforcement Directorate discovers unaccounted cash amounting to Rs 2.54 crore during search. Some of the cash was found hidden inside a washing machine. https://t.co/IqXUPG7FXV
Cleaning Money? Probe Agency Finds ₹ 2.5 Crore Stashed In Washing Machine https://t.co/rxsp8KzE84 https://t.co/ghMymUY63W
ED seizes crores in cash from washing machine during searches During the searches, the Enforcement Directorate seized cash amounting to Rs 2.54 crore, part of which was hidden in a washing machine. #ED #Cash #Raid #ITCard | @MunishPandeyy @divyeshas https://t.co/gf7DWjLSBr
#ED Finds Rs 2.54 Crore in Washing Machine During Raid On Shipping Company https://t.co/hnX3hQMCqj
#TheNews | Crores of cash hidden in a washing machine were found during raids on a shipping logistics company. #EDRaids https://t.co/BzCl27T59O